Rita Guastella Of Coldwell Banker Facilitates $1.2M Multifamily Sale In Cambridge, MA
14 Bay State Road
$1,200,000
$521/SF
Building Size
2,300 SF
Asset Type
MultiFamily
Closing
Jun 6, 2024
AI
14 Bay State Rd in Cambridge, MA, was recently sold for $1,200,000. This 2-family property features 5 bedrooms, 4 baths, and spans 2,300 square feet. The interior boasts crown molding, wainscoting, marble countertops, and in-unit laundry, making it an attractive investment opportunity with current rental income below market value.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Units: 2
- Price Per Unit: $600,000
- Square Footage: 2,300
- Price Per Square Foot: $522
- Address: 14 Bay State Road, Cambridge, MA
- Market: Cambridge, MA
- Broker: Rita Guastella - Coldwell Banker
Rita Guastella of Coldwell Banker represented the parties involved in the transaction, facilitating the sale of this lucrative property in Cambridge, MA.
Players
Cambridge MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93